Business
Ecoark Holdings, Inc. Raises Over $17 Million in Equity Offering
Ecoark Holdings, Inc. Raises Over $17 Million in Equity Offering.
About this update from Riskon International, Inc.
[{"type":"text","content":"\nEcoark Holdings, Inc. Raises Over $17 Million in Equity Offering \n\nEcoark Holdings, Inc. Raises Over $17 Million in Equity Offering\n\n\nSuccessful Offering Represents Key Step in Strengthening Balance Sheet Prior to Application to Nasdaq Capital Market \n\n\n ROGERS, AR--(Marketwired - April 28, 2016) - Ecoark Holdings, Inc. (OTCQB: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, announced today that the Company has successfully completed its current equity offering, raising more than $17 million from over 200 accredited investors.\"We initially set out to raise $10 million last November, but responding to early feedback from investors, we decided to increase the size of the offering,\" said Randy May, Chairman of the Board and CEO of Ecoark Holdings, Inc. \"Successfully raising more than $17 million not only speaks to the opportunity that investors see for Ecoark and the technologies offered by our subsidiaries, but also the investor confidence in our leadership as the Company moves toward listing on a national securities exchange.\"The offering included registration rights for participating investors. The Company, to fulfill its agreement with its investors, will file a Registration Statement on Form S-1 with the Securities and Exchange Commission no later than Friday, April 29, 2016. Please visit www.sec.gov to review the company's filings for the full description of the securities offered and the company's business operations.\n About Ecoark Holdings, Inc.\n Based in Rogers AR and founded in 2011, Ecoark Holdings, Inc. is a growth-oriented company based in the retail and logistics hub of Northwest Arkansas. Ecoark's portfolio of technology solutions increase operational visibility and improve organizational transparency for a wide range of corporate clients. Ecoark's technologies fight waste in Operations, Logistics, and Supply Chains across the evolving global economy. Ecoark's portfolio of companies and technologies work to integrate people, processes, and data in order to overcome ingrained operational hurdles and create new revenue streams. Ecoark's vision is to expose the cycles of waste that reduce efficiency and cost effectiveness across the business landscape. Ecoark's strategical...